Oil Fund sees record gains in Q2

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NORWAY - Norway's Government Pension Fund - Global gained NOK309bn (US$51.3bn) in the second quarter, a record gain for the scheme, the Norwegian central bank said today. The pension fund also said it expanded its environmental focus to include water-related risks.

Total assets at the pension funds, also known as the Oil Fund, reached NOK2.4trn at the end of June 30 on the backs of rising equity markets, according to the fund's quarterly report. Norges Ban...

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